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Oil prices near flat as demand worries offset Middle East risk

Oil prices remain steady as concerns about U.S. interest rate cuts and their impact on fuel demand offset worries about Middle East tensions. Brent futures edged slightly lower to $81.99 a barrel, while U.S. West Texas Intermediate (WTI) crude rose to $76.93 a barrel. The conflict in the Middle East has kept prices elevated, but concerns about interest rates are limiting gains. U.S. inflation data is expected on Tuesday, and market participants are awaiting industry data on U.S. crude inventories later in the day.

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